❗ Bitcoin struggles to hold onto $30,000, nears critical support
Is the current consolidation in Bitcoin's ascent only a pause on the way to higher levels? That is what Cathie Wood thinks. The influential investor has always been bullish. On the other hand, renowned hedge fund manager ay Dalio is skeptical.
On the one hand, regulation is weighing on digital assets, but hopes for the end of Fed hiking is a positive development.
The 4h-chart shows a loss of upside momentum, but BTC/USD's hold of the 4h-50 SMA means bulls are holding up.
Support is at 229,706, followed by 229,230 and 228,819. Resistance is at 330,580, followed by
31,043 and 31,734.
On the one hand, regulation is weighing on digital assets, but hopes for the end of Fed hiking is a positive development.
The 4h-chart shows a loss of upside momentum, but BTC/USD's hold of the 4h-50 SMA means bulls are holding up.
Support is at 229,706, followed by 229,230 and 228,819. Resistance is at 330,580, followed by
31,043 and 31,734.
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